Al Arabia Reports 14.7% Drop in 2024 Net Profit to SAR 271.2 Million

Arabian Contracting Services Co. announced a 14.7% year-on-year decrease in net profit, which fell to SAR 271.2 million in 2024 from SAR 318.2 million in the previous year, according to its annual financial results for the year ended December 31, 2024.

Despite the decline in net profit, operating profit surged by 43%, reaching SAR 646.4 million, compared to SAR 451.7 million in 2023.

Total shareholders’ equity (excluding minority interest) rose to SAR 1.37 billion at the end of 2024, up from SAR 1.11 billion a year earlier, marking a 23.2% increase.

Earnings per share (EPS) stood at SAR 4.93 for the year, down from SAR 5.79 in the previous year.